Centerra Gold Inc. (NYSE:CGAU) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. increased its holdings in Centerra Gold Inc. (NYSE:CGAU) by 15.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 150,869 shares of the company’s stock after buying an additional 19,791 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Centerra Gold were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CGAU. Acadian Asset Management LLC lifted its holdings in shares of Centerra Gold by 594.6% in the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company’s stock valued at $59,532,000 after buying an additional 7,586,370 shares during the period. Bank of Montreal Can raised its position in Centerra Gold by 158.9% during the second quarter. Bank of Montreal Can now owns 2,433,241 shares of the company’s stock valued at $16,881,000 after acquiring an additional 1,493,349 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Centerra Gold by 36.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company’s stock valued at $31,514,000 after acquiring an additional 1,175,000 shares during the period. American Century Companies Inc. boosted its position in Centerra Gold by 132.8% in the 2nd quarter. American Century Companies Inc. now owns 1,835,673 shares of the company’s stock worth $12,345,000 after purchasing an additional 1,047,142 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Centerra Gold during the 2nd quarter worth approximately $6,772,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Trading Up 0.8 %

Shares of CGAU stock opened at $6.04 on Friday. Centerra Gold Inc. has a 12-month low of $4.47 and a 12-month high of $7.82. The business’s 50 day moving average is $6.80 and its two-hundred day moving average is $6.84. The company has a market capitalization of $1.28 billion, a P/E ratio of 12.57 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The business had revenue of $323.93 million for the quarter. During the same period last year, the firm posted $0.20 earnings per share. On average, research analysts predict that Centerra Gold Inc. will post 0.79 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 3.45%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 43.75%.

Centerra Gold Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.